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Feb 12, 2013
02/13
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let's check out the latest news in energy. sharon epperson is at the nymex this morning. >> we are looking at a little bit of risk appetite coming into the marketplace and helping to support oil prices. brent crude and wti both higher. and north korea, they're talking about what they're doing there in terms of confirming the nuclear test and capability for missile capacity, and even closer. they're also talking about iran and the fact that iran has talked about converting enriched uranium into reactor fuel. now, some taking a run at its words, saying maybe this is a bit bearish. they won't be close to creating a bomb, others saying it will cut the time in the amount of time it takes them to do so. wti getting a bit of the lift as we see the unwinding of that premium we've seen. brent crude to wti futures, which has been so extreme. another factor helping the oil prices, opec. opec's latest monthly forecast coming out, talking about the world demand growth is going to be stronger than they anticipated, and there's going to be g
let's check out the latest news in energy. sharon epperson is at the nymex this morning. >> we are looking at a little bit of risk appetite coming into the marketplace and helping to support oil prices. brent crude and wti both higher. and north korea, they're talking about what they're doing there in terms of confirming the nuclear test and capability for missile capacity, and even closer. they're also talking about iran and the fact that iran has talked about converting enriched uranium...
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124
Feb 11, 2013
02/13
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we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's still a bullish market. we're looking at bullish sentiment at the highest level since the long positions in the brent crude market. not much relief at the pump. prices at the pump about 30 cents higher than a month ago for unleaded gasoline. even though the futures are a little bit on the decline, not such good luck for drivers at the gas pump. >> sharon epperson, thank you. coming up, winter storm nemo blankets the northeast and knocks out power for tens of thousands of people. an update on the recovery from the storm and how one new england utility is faring and trying to turn the lights back on. take a look at this morning's early movers here on wall street. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. all stations come ov
we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's still a bullish market. we're looking at bullish sentiment at the highest level since the long positions in the brent crude market. not much relief at the pump. prices at the pump about 30 cents higher than a month ago for unleaded...
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Feb 13, 2013
02/13
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you need to think about energy security for the country, as well as economic growth. and environmental stewardship. what he wants to do with his executive orders i think is going to hurt our economic growth. >> minimum wage, a big talker this morning. we have a bunch of retail and hotel executives saying it would affect our business, probably wouldn't affect our hiring plans overall. but you want the market to price itself in what a job is paying someone. >> i'm opposed to raising the minimum wage. i think the market determines that. we want to focus on maximizing opportunities for all americans, which is what marco rubio talked about in his response. >> raising it already above the federal minimum wage. >> the states get to decide what it can do. i think it hurts the economy. >> if there was a sweet spot in terms of compromise, are we left with immigration? is that the number one potential result of all of this? >> i'd like to actually get a big deal economically, something like ronald reagan and tip o'neill put together 25 or so years ago, where you actually do over
you need to think about energy security for the country, as well as economic growth. and environmental stewardship. what he wants to do with his executive orders i think is going to hurt our economic growth. >> minimum wage, a big talker this morning. we have a bunch of retail and hotel executives saying it would affect our business, probably wouldn't affect our hiring plans overall. but you want the market to price itself in what a job is paying someone. >> i'm opposed to raising...
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Feb 14, 2013
02/13
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. >> hey, melissa, the number came out from the energy department. inventories down 157 billion cubic feet. that is a little bit more bearish than expected. the expectations for a number of 162. traders telling me to put that in perspective. looked at the number this week last year, 113. of course we had a mild winter last year. the average for the last five years is around 154. so we're in those seasonal ranges. with winter storm nemo, there's so talk we would see more of a draw because there was more heating supply necessary because of the storm but not necessarily looking like that was the case. right now checking out this number in terms of the price action, we did see a steep drop on this number coming out. as i said, it was bearish, the price of nat gas continuing to go lower. back to you. >> jackie deangelis will coming up next, the carnival "triumph" making landfall in alabama. live from the gulf coast right after this. plus much more how the megamerger between usair and american airlines could reshape the business in the sky. back in 2:00. a
. >> hey, melissa, the number came out from the energy department. inventories down 157 billion cubic feet. that is a little bit more bearish than expected. the expectations for a number of 162. traders telling me to put that in perspective. looked at the number this week last year, 113. of course we had a mild winter last year. the average for the last five years is around 154. so we're in those seasonal ranges. with winter storm nemo, there's so talk we would see more of a draw because...